Comment: Yes. And it's also another agrument against price controls.

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Yes. And it's also another agrument against price controls.

During the 'great' depression prices were regulated while the money supply dried up. This meant that for instance an apple farmer couldn't sell his apples for a penny apiece. He was forced to charge a higher price.

Here's a good article about price controls during that period:
http://www.fee.org/the_freeman/detail/the-nra-how-price-fixi...

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